Funding arb · Price arb /

AZTEC

all AZTEC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%

Price spread now: Binance against Extended−0.037%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$2832.829% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.037%, 7d avg +0.012%

Together, before fees+0.070%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.050% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AZTEC-USD	0.01571	0.0104	pay 0.0013% / 1h	39m 03s	$55K	$451K	5x
Short	Binance AZTECUSDT	0.01571	0.0100	get 0.0050% / 4h	2h 39m	$1.9M	$4.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersPrice spread, now −0.037%Rate

Funding earned: −$0.84
Price spread: −0.037% → +0.012%: −$4.98
Slippage, 4 orders: −$267.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$288.74
Costs to cover: 2.829%
Break-even: never at this rate

Slippage from Extended: live order book, 9 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 9 min ago	13.26 bp	191.3 bp −$191	814.9 bp −$8,149	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	3.16 bp	25.5 bp −$25	118.8 bp −$1,188	doesn't fit	doesn't fit

AZTEC on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AZTEC-USDT	+0.0036%	4h	0.01570	−0.070%	—	$1.6M	—	as long as short
BloFin AZTEC-USDT	+0.0095%	4h	0.01571	−0.006%	$92K	$35K	25x	as long as short
Lighter AZTEC	+0.0096%	1h	0.01571	−0.038%	$55K	$100K	3x	as long as short
Hyperliquid AZTEC	+0.0100%	1h	0.01570	−0.051%	$1.1M	$1.2M	3x	as long as short
Aster AZTECUSDT	+0.0100%	4h	0.01570	−0.082%	$9K	$24K	5x	as long as short
Binance AZTECUSDTshort	+0.0100%	4h	0.01571	−0.037%	$1.9M	$4.4M	25x
Bybit AZTECUSDT	+0.0100%	4h	0.01567	−0.242%	$1.4M	$1.3M	25x	as long as short
OKX AZTEC-USDT-SWAP	+0.0100%	4h	0.01569	−0.134%	$322K	$906K	20x	as long as short
Gate AZTEC_USDT	+0.0100%	8h	0.01569	−0.134%	$291K	$422K	25x	as long as short
MEXC AZTEC_USDT	+0.0100%	4h	0.01570	−0.070%	$233K	$118K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AZTECUSDTM	+0.0100%	4h	0.01570	−0.070%	$280K	$315K	20x	as long as short
Bitget AZTECUSDT	+0.0100%	4h	0.01572	+0.057%	$381K	$329K	20x	as long as short
Variational Omni AZTEC	+0.0100%	4h	0.01568	−0.213%	$62K	$65K	—	as long as short
Extended AZTEC-USDlong	+0.0104%	1h	0.01571	long leg	$55K	$451K	5x